CargoSprint, a leading provider of innovative cargo industry solutions, announced a strategic investment from Lone View Capital, a growth-focused private equity firm specializing in the technology sector. Lone View has acquired a majority stake in CargoSprint, marking a significant milestone…
CJ Logistics America, a leader in supply chain innovation and technology, has officially opened a new cold storage warehouse in Gainesville, Georgia. Announced earlier this year, this 270,000-square-foot facility is strategically positioned in the heart of the world’s poultry production…
Schneider is set to launch a new intermodal service offering continuous rail transport between points in Mexico, Texas, and the Southeastern United States, with the service starting in December. This new route is the result of a strategic partnership between…
The global bus industry is expected to reach 234,000 units by 2024, driven by a rebound in India and strong growth in Europe. The rise in demand for transit buses is attributed to the replacement of aging fleets and government…
Air Transport Services Group, Inc. (Nasdaq: ATSG), a leader in medium wide-body freighter leasing, contracted air transport, and related services, has announced its financial results for Q3 ending September 30, 2024. Key comparisons to Q3 2023 include: Third Quarter Financial…
Expeditors International of Washington, Inc. (NYSE: EXPD) has announced its financial results for the third quarter of 2024, showing significant year-over-year improvements compared to the same quarter in 2023: “We’ve worked hard this past year to increase volumes and expand…
Air Transport Services Group, Inc. (NASDAQ: ATSG), a global leader in leasing medium widebody freighter aircraft and providing air transport operations and support services, announced today a definitive agreement to be acquired by Stonepeak, an alternative investment firm specializing in…
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), a leading supply chain solutions provider in North America, has announced several strategic changes to its executive leadership team. These changes, effective December 1, aim to align the expertise of J.B. Hunt’s executive…
Torc Robotics, a subsidiary of Daimler Truck AG and a leader in the commercialization of self-driving vehicle technology, has announced significant advancements in the validation of its autonomous trucks. Earlier this year, the company successfully conducted a series of driverless…
Werner Enterprises, Inc. (Nasdaq: WERN), a leading transportation and logistics company, today released its financial results for the third quarter ending September 30, 2024. “Despite ongoing freight market challenges, we observed a tightening late in the quarter due to disruptions…
Cirium, a leading authority in aviation analytics, has released its 2024 Fleet Forecast Report through Cirium Ascend Consultancy, providing a comprehensive look at the future of the global commercial passenger and freighter markets. This marks the twelfth consecutive year the…
Union Pacific Corporation (NYSE: UNP) announced its net income for the third quarter of 2024 at $1.7 billion, equating to $2.75 per diluted share. This marks an increase from the third quarter of 2023, which reported a net income of…